(a) This Article applies to all units subject to this chapter,
except as provided in subsection (b) or as modified or waived by agreement of
purchasers of units in a condominium in which all units are restricted to
nonresidential use.

(b) Neither a public offering statement nor a resale certificate
need be prepared or delivered in the case of a disposition which is:

(1) Gratuitous;

(2) Pursuant to court order;

(3) By a government or governmental agency;

(4) By foreclosure or deed in lieu of foreclosure;

(5) To a person in the business of selling real estate who
intends to offer those units to purchasers; or